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International Gas News

Congo Advances Refining and Gas Sector with Strategic Investments

The Congolaise de Raffinage (CORAF), a subsidiary of the state-owned Société Nationale des Pétroles du Congo (SNPC), operates Congo’s sole refinery in Pointe-Noire. Processing one million tons of crude oil annually, CORAF produces finished products like butane gas, gasoline, kerosene, light diesel, and heavy fuel oil, meeting approximately 70% of the country’s refined petroleum needs. The refinery sources most of its crude oil from the Djeno terminal, located south of Pointe-Noire. This terminal, handling 95%

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International Energy News

Egypt Secures $275 Million for Africa’s Largest Wind Farm

Egypt has obtained $275 million in funding to construct and operate the continent’s largest wind farm, the Suez Wind Project. The European Bank for Reconstruction and Development (EBRD) contributed $200 million, with an additional $75 million provided by Arab Bank and Standard Chartered. The project is co-financed by multiple international organizations, including the African Development Bank, British International Investment, Germany’s Deutsche Investitions-und Entwicklungsgesellschaft, Opec Fund for International Development, and the Arab Petroleum Investments Corporation. Situated

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International News Oil

Libya’s NOC Surpasses Oil Production Target, Eyes Future Growth

The National Oil Corporation (NOC) has announced that daily crude oil production has exceeded its annual target, reaching an impressive 1,405,609 barrels of crude oil, alongside 52,633 barrels of condensates. This milestone highlights the unwavering dedication and resilience of workers at production sites across the nation, despite challenges such as delays in approving the 2024 budget. In a statement celebrating the achievement, the NOC credited the collaborative efforts of its workforce and partners and outlined

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Local Mining News Partnerships

Angola and Oman Forge Energy and Mining Partnerships

Angola and Oman have signed a landmark agreement and two memoranda of understanding (MoUs) to strengthen collaboration in the energy and mining sectors. The agreement, finalized during Angolan President João Lourenço’s official visit to Oman on December 19, grants Oman a stake in Angola’s Catoca and Luele diamond mines, two of the country’s significant mining assets. The first MoU establishes a framework for cooperation in energy development, while the second focuses on exploring strategic financing

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Oil International News

Dangote Refinery Expands Petroleum Exports to Africa and Europe

Nigeria’s Dangote Petroleum Refinery has expanded its petroleum export operations to include Cameroon, Ghana, Angola, and South Africa. The announcement was made by Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, during a visit from a delegation of Japanese business leaders to Nigeria. Edwin highlighted a recent partnership with Cameroon’s Neptune Oil, enabling the export of petroleum products to the Central African nation. In addition to its growing African market presence,

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Oil International News

Eni Accelerates Second Phase of Production at Ivory Coast’s Baleine Field

Italy’s energy giant, Eni, announced the launch of the second phase of oil and gas production at Ivory Coast’s offshore Baleine field on Saturday. This milestone comes ahead of the originally scheduled start date set for late 2024. Discovered by Eni in September 2021, the Baleine field began production in August 2023. The newly commenced second phase boosts output to 60,000 barrels of oil per day (bbl/d) and 70 million standard cubic feet of associated

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Local Mining Projects News

Major Energy Developments to Watch in Angola in2025

Striving to boost natural gas production while maintaining crude output above one millionbarrels per day (bpd) beyond 2027, Angola has a strong project pipeline planned for 2025.Beyond oil and gas developments, the country seeks to diversify its energy matrix throughinvestments in green hydrogen and renewable energy. From FID to the start of operations to aninternational bid round and regulatory reform, 2025 promises to be an exciting year for Angola’senergy industry. 2025 Bid Round Angola will

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Corporate News Gas Local News

Chevron’s CABGOC Achieves First Gas from Sanha Lean Gas Connection in Angola

The Cabinda Gulf Oil Company (CABGOC), a subsidiary of Chevron, has successfully achieved first gas from its Sanha Lean Gas Connection project in Angola. Valued at $300 million, the project involves the development of a platform that connects to the Sanha condensate complex and features pipelines linking Blocks 0 and 14 to the Angola Liquefied Natural Gas (ALNG) facility and the Soyo power plant. The first phase of the project will deliver approximately 80 million

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International Gas News Oil

Namibia’s Mines Minister Calls for Strategic Planning to Maximize Oil and Gas Benefits

Namibia’s recent oil and gas discoveries in the Orange Basin present a tremendous opportunity for economic transformation, but Minister of Mines and Energy Tom Alweendo warns that deliberate preparation and strategic planning are essential for turning potential into reality. Speaking at the launch of the Industrial Baseline Survey (IBS) Outcomes for Namibia’s upstream oil and gas (O&G) industry, Alweendo emphasized that economic benefits won’t materialize automatically. “Just because there’s a discovery doesn’t mean we’ll instantly

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International News Oil

Namibia Emerges as a Global Oil and Gas Exploration Powerhouse

Namibia is set to solidify its position as a key player in global oil and gas exploration, with four rigs preparing to commence drilling wells valued at $100–200 million each in the Orange Basin. These high-stakes operations are expected to begin within the week. Simran Bandal, Subsurface Senior Analyst at Wood Mackenzie, emphasized the potential of these developments to elevate Namibia’s standing in the global energy sector. The Orange Basin has already proven its promise

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